Inside Destiny USA’s mortgage emergency: Crisis or hardball bargaining?

Inside the mortgage emergency at Destiny USA Experts say Pyramid likely will strike a deal as lenders don’t want to own malls Pyramid negotiated favorable deals with Syracuse and the state pyramid. milena petrova. 4/21/19. 1 item of media coverage. Press/Media: Expert Comment

Syracuse, N.Y. – Destiny USA’s D-Day arrives June 6. On that day, its $430 million in mortgage loans come due in full, and the owner of the giant Syracuse mall is in danger of default. Pyramid Management Group, the company founded by mall developer Robert Congel in 1970, has indicated it will not be able

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Inside Destiny USA’s mortgage emergency: Crisis or hardball bargaining? A deadline looms for Pyramid to pay the shopping mall’s 0 million mortgage View Comments

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Inside Destiny USA’s mortgage emergency: Crisis or hardball bargaining? – Under an agreement with the city, Destiny USA does not have to pay property. s shrinking rental revenues are available each year to make its mortgage payments. chun said the special servicer’s.

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